foreclosure fiasco: Crony Capitalism is now Invading Real Estate - 03/30/12 01:06 AM
Bank of America is Getting into the Landlord Business In my previous post Send Your Rent Checks to 123 Wall Street, I highlighted how some of the financial terrorists that helped create the real estate fiasco to begin with are getting set to make massive profits by becoming landlords at the expense of the U.S. Taxpayer. Rolling Stone author Matt Taibbi had an absolutely Fantastic article concerning just another hidden bailout to the Banksters that everybody should read and take note. An article that is FAR BETTER then the majority of the real estate PR campaign journalists (and many so called … (8 comments)

foreclosure fiasco: Send your Rent Checks to 123 Wall Street - 03/20/12 01:33 AM
Send Your Rent Checks to 123 Wall St A fantastic post on Rolling Stone concerning the latest and greatest Housing Program that you can read here:
Another Hidden Bailout - Helping Wall St. Collect Your Rent From the Article:
In con artistry parlance, they call this the "reload." That's when you hit the same mark twice – typically with a second scam designed to "fix" the damage caused by the first scam. Someone robs your house, then comes by the next day and sells you a fancy alarm system, that's the reload.
In this case, banks pumped up the real estate … (12 comments)

foreclosure fiasco: Restoring the Housing Market begins with Short Sales for Starters - 01/05/12 08:46 PM
No Real Solution for Short Sales is Poor Advice for "Restoring" the Housing Market New Federal Reserve "White Paper" released 01/04/2012 offers advice on restoring the Housing Market. You can read the summary at the Mortgage News Daily Here.
"In a letter to the chairs and ranking members of the Senate Banking and House Financial Services Committees on Wednesday, Federal Reserve Chairman Ben S. Bernanke said "Restoring the health of the housing market is a necessary part of a broader strategy for recovery."  The letter accompanied a white paper developed by the Fed which Bernanke called a "framework for thinking about … (0 comments)

foreclosure fiasco: Bank of America to Stop Tarnishing it's Image... - 05/12/11 07:09 AM
From the Financial Times:
BofA to cut it's bad $850B Bad Loan Book in Half
"Bank of America plans to shrink its $850bn portfolio of troubled home loans by about half over the next three years as it seeks to quicken the pace with which it resolves problems related to the housing crisis and its disastrous purchase of Countrywide Financial."
Translation: We are going to get rid of $425 Billion of Troubled Home Loans in the next 3 years. Many are still trying to figure out if B of A was "influenced" to purchase Countrywide since it made ABSOLUTELY NO SENSE … (39 comments)

foreclosure fiasco: If Big Banks were REALTORS, how many Ethic violations could you name? - 10/22/10 08:07 AM
Would if Banks had to Follow the REALTOR® Code of Ethics? Brilliant investigative piece by the Huffington Post Investigative Fund:
The New Tax Man: Big Banks and Hedge Funds By Fred Schulte and Ben ProtessHuffington Post Investigative Fund - 10/18/10
 
"Nearly a dozen major banks and hedge funds, anticipating quick profits from homeowners who fall behind on property taxes, are quietly plowing hundreds of millions of dollars into businesses that collect the debts, tack on escalating fees and threaten to foreclose on the homes of those who fail to pay."  
Read Full Story Here Watch the Video
 
… (4 comments)

 
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Las Vegas Real Estate - Summerlin Homes Paul Francis - 702.592.3058

Las Vegas, NV

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Prudential Americana Group - REALTORS

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